Too much non-dispatchable wind and solar and not enough natural gas?
For comparison: PJM -- under $23/MWh. See comments below:
For comparative purposes, the wholesale spot pricing in 13 state PJM region - found at PJM site/Data Shortcuts/Operational Data - is under 23 bucks.
This is why businesses all over the world are looking at relocating there.The problem lies in the bars at the right side of the graph:
Meanwhile, South Australia and Victoria will see spot prices for electricity hit $315/MWh later today. Link here.
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